Philadelphia Fed Appoints Three to Credit Union Advisory
Council

August 21, 2002

For release: August 21, 2002
Contact: Kathy Woodbury, (215) 574-4119

PHILADELPHIA - The Federal Reserve Bank of Philadelphia has
appointed several business leaders to serve on its Credit
Union Council for a three-year term beginning this year. The
12-member council advises Federal Reserve officials about
regional business conditions and economic issues that have
an impact on the marketplace. The new council members are:

Diana L. Roberts, president and CEO of Hershey Federal
Credit Union, holds seats on the boards of the Pennsylvania
Credit Union League and Pacul Services Inc., Credit Union
National Association, and Credit Plus Solutions Group. She
is a member of the Credit Union Executive Society and the
Star Advisory Council. Roberts is a graduate of the Credit
Union National Association (CUNA) Management School at the
University of Wisconsin, and she attended Illinois State
University and Millersville University, Millersville, Pa.

Thomas A. Phillips, CEO of the Lakehurst Naval Federal
Credit Union, Lakehurst, N.J., was president of the Credit
Union Affiliates of New Jersey, Monmouth-Ocean chapter,
from 1994 to 1998. Phillips is a graduate of the American
Institute of Banking and "Commercial Loans to Business,"
Robert Morris Associates, now the Risk Management Association.

Virginia F. Williams, CEO of the Federal Aviation Administration
(FAA) Technical Center Federal Credit Union, Northfield,
N.J., also was a member of the Bank's credit union advisory
council from 1986 to 1988. She serves the Credit Union Affiliates
of New Jersey on its Education Advisory Council and Small
Credit Union Committee. Williams holds a bachelor's degree
in business administration from Glassboro State College,
now Rowan University.

The Federal Reserve Bank of Philadelphia serves depository
institutions in eastern Pennsylvania, southern New Jersey
and Delaware. The Bank supplies cash to these banks and
thrifts, supervises them, collects and processes about 5
million checks daily, wires money and securities nationwide,
and participates in the broader objective of setting monetary
policy.

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